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Bloomberg
Home prices in 20 US cities climbed in the 12 months through January at the fastest pace since July 2014, while nationwide the increase in property values also accelerated, according to S&P CoreLogic Case-Shiller data reported on Tuesday. 20-city property values index rose 5.7 percent from January 2016 (forecast was 5.6 percent) after increasing 5.5 percent in the year through December National home-price gauge increased 5.9 percent in the 12 months through January Seasonally adjusted 20-city index advanced 0.9 percent from a month earlier. Lean housing inventory helps explain why home prices are appreciating at more than twice the rate of inflation and wage growth, an impediment to an even bigger advance in housing demand.